Guide to Employees or Vendors Questioning Their 1099 or W2 Status
Figuring out payroll taxes and dealing with audits can be tricky, especially when employees or vendors start asking whether they should be treated as 1099 contractors or W2 employees. This is important, not just to ensure you’re following the law, but also to ensure that everyone gets the benefits and rights they’re supposed to. High […]
When to Become a W2 Employee in Your Own Business
Deciding the right time to transition into a W2 employee status within your own company is a pivotal choice that can shape your business’s future and your personal financial situation. This step involves understanding the implications of taxes, benefits, and operational structures. Before making this decision, it’s crucial to consult with a Certified Public Accountant […]
I Realized I’m Not Ready for Taxes: Now What?
Finding yourself unprepared as tax season looms is more common than you might think. High Point Bookkeeping is here with a streamlined approach to help you tackle this challenge head-on. If you’re staring at a pile of unsorted receipts or haven’t cracked open your bookkeeping software yet, here’s a concise plan to get you moving in […]